Euros and weather boost for Domino’s

Domino’s Pizza UK & Ireland Plc touched a nine-month high in London yesterday after Canaccord said the pizza delivery company will benefit from poor weather and the Euro 2012 soccer championship.

Domino’s rose 0.4% to 501p after gaining as much as 3.4% earlier to the highest price since Sept 2011. The FTSE 350 Index fell 1%.

Canaccord upgraded Domino’s to buy from hold and said the pizza company’s revenue was gaining because of rainy weather, which helped sales as customers ate at home, as well as the televised soccer games and more online purchasing.